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Results (277)
Taylor Green Using primary residence HELOC to lend money?
20 October 2015 | 31 replies

Hi,

I was wondering if it was a good idea to lend money from a HELOC on your primary residence?

My thinking is if I own my primary residence free and clear, I take out a HELOC and use it to invest in le...

Casby Bias Current interest rates: worth house hacking, or better to wait?
7 November 2023 | 17 replies

I'm currently looking to get a 3x1.5 SFH. However, from running numbers, due to interest rates increasing, every "deal" so far is showing me that I would lose money. Would it be better to just get a 2x1, and rent out ...

Vinny Incognoli HELOC Primary Home for Down Payment?
28 August 2024 | 18 replies

Is it wise to take a HELOC on my primary home to for the downpayment for a short term rental property? I would have the HELOC as well as mortgage to pay. What are the pros and cons to this approach?The HELOC would be ...

Gary Miller Owner Occupied Offer
23 December 2013 | 16 replies

I am looking at making an offer on a property in Batavia, NY. It's a 2900sq. ft. 5bedroom, 2bath in a so-so area. The comparables are from 70k to 90k. I am looking at living in the property for around two years ...

Chris McKinley Lessons learned: Courtesy of the PROPERTY TAX CODE
26 April 2016 | 8 replies

I recently learned a few lessons in property taxes courtesy of the tax code and my mortgage company that I wanted to share so they don't catch anyone else off guard. In 2014 I purchased my first house down in Phenix C...

Norman Perkins Hard Money Loans with down payment requirement?
15 November 2013 | 64 replies

I was recently searching for a hard money lender in Florida and came across a company that requires a 10% down payment. I have in the past dealt with hard money lenders and never heard of a down payment requirement...

Alex Corral Using the HELOC strategy to buy rentals
2 December 2018 | 54 replies

I am in the process of obtaining a HELOC on my primary, with plans to buy some rentals. I've been doing a lot of research on how to pay down the HELOC faster using it as a checking, and have some questions as things a...

Nick B. 2nd position note - is this a good deal or not?
5 June 2014 | 37 replies

Hello all,

A couple of days ago I saw a 2nd position note offered for sale with the following parameters:

Property FMV: $178000
Property location: Illinois
1st mortgage balance: $138000
2nd mortga...